Organized retail sector to cross $22 billion by 2010

India's organized retail sector will cross the $22 billion mark by 2010, according to a study conducted by Assocham. Currently, the total market is worth $16 billion of which only 25% or $4 billion comprises of the organized retail sector. Retail space will increase from 40 million sq ft at present to 220 million sq ft. the bulk of the growth will come from tier II and III towns that will grow faster than some of the metros where space is just not available and is seriously hampering the growth of organized retail.